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International Policy Coordination

Joseph Plasmans, Jacob Engwerda, Bas van Aarle, Giovanni Di Bartolomeo () and Tomasz Michalak
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Joseph Plasmans: University of Antwerp, Belgium and Tilburg University
Tomasz Michalak: University of Antwerp

A chapter in Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations, 2006, pp 1-39 from Springer

Abstract: In the aftermath of the Bretton-Woods agreement, the general perception was that a flexible exchange rate was a way of insulating domestic employment from foreign economic di turbances, including foreign monetary policy. Thus, there was no need for central banks to intervene in foreign exchange markets or to coordinate their monetary policies for stabilizing the economy. All thatwas needed were flexible exchange rates.

Keywords: Monetary Policy; Euro Area; European Central Bank; Monetary Union; Macroeconomic Policy (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-0-387-27931-2_1

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DOI: 10.1007/0-387-27931-8_1

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